NEW DELHI: Oil prices steadied in early Asian trade on Thursday, finding footing a day after a steep decline triggered by signs that Saudi Arabia could increase output and data showing the U.S. economy contracted.
Brent crude futures gained 7 cents, or 0.1%, at $61.13 a barrel as at 0318 GMT. U.S. West Texas Intermediate crude futures were up 1 cent or 0.02%, at $58.22. WTI closed at its lowest since March 2021 on Wednesday.
